REGISTERED NUMBER: SC268618 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

Pipmato Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Philip Edward Anderson

Mark Cavanagh

REGISTERED OFFICE:

Suite A

1 Albyn Place

Aberdeen

AB10 1BR

REGISTERED NUMBER:

SC268618 (Scotland)

ACCOUNTANTS:

Tawse & Partners

Chartered Accountants

18 North Silver Street

Aberdeen

AB10 1JU

FIXED ASSETS

Tangible assets

4

17,144

23,022

Investment property

5

80,000

80,000

97,144

103,022

CURRENT ASSETS

Debtors

6

321,368

341,954

Cash at bank

10,357

10,166

331,725

352,120

CREDITORS

Amounts falling due within one year

7

296,463

321,877

NET CURRENT ASSETS

35,262

30,243

TOTAL ASSETS LESS CURRENT LIABILITIES

132,406

133,265

CREDITORS

Amounts falling due after more than one year

8

(15,722

)

(17,983

)

PROVISIONS FOR LIABILITIES

(5,679

)

(5,679

)

NET ASSETS

111,005

109,603

CAPITAL AND RESERVES

Called up share capital

9

96

96

Fair value reserve

10

24,211

24,211

Retained earnings

86,698

85,296

SHAREHOLDERS' FUNDS

111,005

109,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

Mark Cavanagh - Director

1.	STATUTORY INFORMATION

Pipmato Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same accounts.

Turnover

Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discounts and value added tax. Turnover is recognised from the provision of rental services to related companies.

Tangible fixed assets

Investment property values are reviewed annually. Surpluses or deficits on individual properties are transferred to the revaluation reserve unless a deficit (or its reversal) is expected to be permanent in which case it is adjusted to the profit and loss account.

In accordance with Statement of Standard Accounting Practice 19 no depreciation is provided in respect of the Investment Properties. This represents a departure from the Companies Act 2006 requirements concerning the depreciation of fixed assets, but is required in order to give a true and fair view.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

23,512

DEPRECIATION

At 1 January 2025

490

Charge for year

5,878

At 31 December 2025

6,368

NET BOOK VALUE

At 31 December 2025

17,144

At 31 December 2024

23,022

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

80,000

NET BOOK VALUE

At 31 December 2025

80,000

At 31 December 2024

80,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2009

349,426

Valuation in 2012

48,100

Valuation in 2014

285,000

Valuation in 2016

(647,675

)

Valuation in 2020

11,675

Valuation in 2021

26,000

Valuation in 2022

31,900

Valuation in 2023

(84,536

)

Valuation in 2024

10,000

Cost

50,110

80,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

50,110

50,110

Investment properties were valued on an open market basis on 31 December 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,368

722

Other debtors

320,000

341,232

321,368

341,954

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

1,184

2,367

Hire purchase contracts

2,391

2,391

Trade creditors

12,300

-

Taxation and social security

3,617

-

Other creditors

276,971

317,119

296,463

321,877

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

1,184

Hire purchase contracts

15,722

16,799

15,722

17,983

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

96

Ordinary

£1

96

96

10.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

24,211

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is Crandale Limited.